Asked by
nicole swanton
on Dec 11, 2024
Verified
If the price of coffee decreases, the demand curve for tea (a substitute good) will
A) remain unchanged.
B) shift to the right.
C) shift to the left.
D) do none of the above
Substitute Good
A product or service that consumers can use in place of another product or service, influenced by changes in prices, tastes, and other factors.
- Discern the impact that complementary and substitute goods have on demand fluctuations.
Verified Answer
KG
Learning Objectives
- Discern the impact that complementary and substitute goods have on demand fluctuations.